'We are going to be a part of football's future' - newly appointed regulator the new chairman
The team's persistent issues are seen as a "major concern" and the new football authority is aiming to acquire authority to look into club affairs in similar circumstances, the recently named head the official has declared.
In a wide-ranging interview, the chairman, who was appointed on Monday, expressed "sympathy" towards supporters of the Owls.
Kogan met with four supporter groups representing the football team this week.
The Championship side have been struggling on and off the field in the current year, with the club missing wage payments on several different times, including in the autumn.
"Evidently Wednesday represents a serious issue for football authorities and a significant problem for football," the chairman stated.
"Sheffield Wednesday is one of the great brands for English football and this week we have met supporters' organizations.
"Our aim is to acquire the ability... which will enable us to take Sheffield Wednesday - and other clubs submitted for our review if they warrant scrutiny and dealt with."
Economic Challenges and Proprietorship Status
The club's controversial proprietor the Thai businessman suggested earlier this year he would be willing to sell up at the stadium, but he has been unable to finalize an agreement with interested parties.
Missed wage deadlines on time in March and May resulted in restrictions being imposed by the league officials in June, stopping Wednesday from completing any transfers or loans for the next three transfer windows, although that restriction was lifted in late summer.
Official's Viewpoint
Kogan said: "The job [of the regulator] is there for the Owls followers, Bury or any football club where supporters are loyal to a regional establishment that has represented their community in multiple situations.
"I completely understand the club's situation, as I do for every team that in modern times have encountered failure, or nearly ceased operations, for reasons that have nothing to do with the supporters."
Inquired if the regulator could force an owner to sell a club if they are considered unfit, the regulator answered: "When asking whether 'would we intervene in the final instance?', the response would be once we gather the evidence and know what's going on, we will."
But the regulator clarified that compelling proprietors to divest clubs would be viewed as the ultimate measure and the regulator would prefer to cooperate with proprietors.
"The last thing what we want to do is commence engagement with an individual club, an specific proprietor, without being in a position to cooperate with that proprietor to address the problems affecting the organization and the owner's facing," Kogan said.
"But the truth is, when you examine the past of the game, over the last 20 or 30 years there have been particular chairmen, not many, but particular people who have shown negligence in the manner they have operated their clubs and ultimately refuse to accept accountability for the long-term prospects."
Owls fans have been voicing opposition to owner Dejphon Chansiri this season
'Mistakes could erase significant advances'
Kogan met with officials from numerous teams to lay out the remit of the oversight body this week and maintained it represented a "proactive meeting" with a "significant participation" from the National League to the Premier League.
"This position carries substantial significance, because if errors are made, if the world of football gets it wrong, the remarkable development accomplished might evaporate rapidly," Kogan said.
"And that's what nobody wants in the context of the English game is a huge success story - we need to continue the progress.
"There's an enormous amount of money coming into football and has been invested for the recent generations, because certainty is lacking it will persist in entering the game, which is among the factors explaining I think we have to adopt a precise perspective on challenges and obviously, of the next two or three years."
Elite Division Worries
Top flight officials resisted the establishment of an oversight body because of concerns about detrimental effects on the Premier League's sporting equality, but the regulator stated: "I fully support the success and growth as an economic entity of the elite league.
"Being fully aware of the apprehension regarding damaging the top flight as an elite competition of this country. But simultaneously, if you talk to the Premier League after this week's discussion, they would have had a significant degree of comfort -and, in fact, they have been telling us in private they have a significant confidence."
Political Connections
The chairman continues to confront a "comprehensive investigation" by the public appointments commissioner after he revealed he contributed money to the Labour Party in the past.
The official donated money to Culture Secretary Lisa Nandy's leadership campaign, along with that of the now Prime Minister Sir Keir Starmer.
"I've been completely open about my previous political affiliation [with Labour], and that political affiliation came to an end the day the parliamentary committee confirmed my selection," the regulator explained.
"I am presently disconnected from any type of partisan engagement."
